The county’s affordability index was 92 in the analysis, which found that home prices around the country have hit their lowest level of affordability in a decade.

The report determines the affordability number based on the household income needed to purchase a median-priced home in the county compared to historical data. An index under 100 indicates declining affordability.

In Tazewell County, a median home costs $124,900.

“Slowing home price appreciation in the second quarter was not enough to counteract an 11 percent increase in (national) mortgage rates compared to a year ago, resulting in the worst home affordability we’ve seen in nearly 10 years,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.

Illinois counties with lowest home affordability indexes

County

Q2 2018 Median Sales Price

Annual Income Needed to Buy (3% Down and 28% Front-End DTI)

Annualized Weekly Wages

Pct of Annualized Wages to Buy

Historic Pct of Wages to Buy

Q2 2018 Affordability Index

Tazewell

$124,900

$40,784

$52,000

22.0%

20.2%

92

Saint Clair

$125,000

$40,169

$42,523

26.5%

24.6%

93

Kendall

$215,000

$72,115

$39,728

50.8%

48.0%

94

Madison

$116,500

$35,887

$42,263

23.8%

23.8%

100

Kane

$220,000

$75,029

$48,607

43.2%

44.7%

103

Peoria

$124,000

$39,682

$53,261

20.9%

22.0%

105

Mchenry

$210,000

$69,244

$44,512

43.6%

47.1%

108

De Kalb

$162,500

$56,933

$41,808

38.1%

41.9%

110

Winnebago

$103,000

$36,631

$46,241

22.2%

24.4%

110

Du Page

$273,000

$87,535

$62,712

39.1%

43.1%

110

Lake

$248,000

$83,629

$73,112

32.0%

36.8%

115

Cook

$235,000

$71,036

$64,792

30.7%

35.8%

117

Rock Island

$104,000

$32,200

$56,888

15.8%

18.7%

118

Champaign

$143,250

$46,631

$46,709

28.0%

33.2%

119

Will

$214,000

$63,336

$46,956

37.8%

47.0%

124

Source: ATTOM Data Solutions

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